XMR

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h −0.114%

Price spread now: Lighter against Backpack+0.078%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$210.211% of the position

Long on Backpack Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.754%−$75 on $10k

Price spread, last 4 days (all we have)−0.147%−$15 · spread now +0.078%, 7d avg +0.048%

Together, before fees−0.901%+ Points / potential airdropLighter: Season 3 · farm board−$90 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.030% dearer against Backpack than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.048%. Mind the row above: over the last 7 days funding on this pair cost −0.754%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XMR_USDC_PERP	583.64	0.0921	pay 0.0115% / 1h	7m 48s	$172K	$539K	20x
Short	Lighter XMR	584.09	0.0984	get 0.0123% / 1h	7m 48s	$3.3M	$7.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee LighterbpOrdersPrice spread, now +0.078%Rate

Funding earned: $13.14
Price spread: +0.078% → +0.048%: $3.03
Slippage, 4 orders: −$11.08
Fee Backpack: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$4.92
Costs to cover: 0.211%
Break-even: 9.6 days

Slippage from Backpack: live order book, 61 min ago; Lighter: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Backpack live order book, 61 min ago	0.94 bp	6.9 bp −$7	28.8 bp −$288	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	3.40 bp	4.8 bp −$5	18.9 bp −$189	132.4 bp −$13.2K	doesn't fit

XMR on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XMR/USD	L +0.0010% / S −0.0010%	1h	583.00	−0.110%	$34K	—	150x	as long as short
Injective XMR/USDC PERP	+0.0033%	1h	596.76	+2.248%	$3K	$4K	12x	as long as short
edgeX XMRUSDC	+0.0100%	4h	586.30	+0.456%	$1.0M	$667K	10x	as long as short
SunX XMR-USDT	+0.0100%	8h	583.73	+0.015%	$2K	$1.9M	20x	as long as short
HTX XMR-USDT	+0.0100%	8h	583.98	+0.058%	$1.1M	$1.6M	20x	as long as short
Aevo XMR-PERP	+0.0208%	1h	584.31	+0.114%	$12K	—	3x	as long as short
dYdX XMR-USD	+0.0403%	1h	583.21	−0.074%	$106K	$50K	5x	as long as short
MEXC XMR_USDT	+0.0517%	8h	583.68	+0.007%	$20.8M	$15.3M	100x	as long as short
Binance XMRUSDT	+0.0518%	8h	583.99	+0.060%	$53.3M	$168.2M	75x	as long as short
Bitget XMRUSDT	+0.0623%	8h	583.44	−0.034%	$9.5M	$14.2M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XMRUSDT	+0.0700%	8h	583.48	−0.027%	$649K	$2.5M	75x	as long as short
Gate XMR_USDT	+0.0772%	8h	582.92	−0.123%	$1.6M	$4.6M	50x	as long as short
KuCoin XMRUSDTM	+0.0783%	8h	584.15	+0.087%	$47.9M	$26.1M	50x	as long as short
BingX XMR-USDT	+0.0796%	8h	584.15	+0.087%	—	$5.8M	—	as long as short
Bybit XMRUSDT	+0.0820%	8h	583.68	+0.007%	$47.3M	$65.0M	75x	as long as short
Pacifica XMR	+0.0821%	1h	583.97	+0.056%	$269K	$1.1M	10x	as long as short
Polymarket Perps XMR-USD	+0.0910%	1h	583.74	+0.017%	$32K	$2.1M	5x	as long as short
Backpack XMR_USDC_PERPlong	+0.0921%	1h	583.64	long leg	$172K	$539K	20x
GMX XMR/USD [WBTC.b-USDC]	L +0.0952% / S −0.1203%	1h	582.96	−0.117%	$650K	—	100x	as long as short
Lighter XMRshort	+0.0984%	1h	584.09	+0.078%	$3.3M	$7.2M	10x
Variational Omni XMR	+0.1043%	8h	586.31	+0.458%	$6.7M	$2.9M	—	as long as short
GRVT XMR_USDT_Perp	+0.1050%	8h	586.14	+0.428%	$343K	$795K	10x	as long as short
Orderly PERP_XMR_USDC	+0.1065%	8h	584.02	+0.065%	$42K	$736K	10x	as long as short
Paradex XMR-USD-PERP	+0.1240%	8h	584.02	+0.065%	$8K	$4K	20x	as long as short
Kraken Futures PF_XMRUSD	+0.1311%	1h	583.02	−0.107%	$5.5M	$20.5M	50x	as long as short
Nado XMR-PERP	+0.1459%	1h	584.24	+0.103%	$1.3M	$467K	10x	as long as short
SoDEX XMR-USD	+0.1595%	1h	584.30	+0.113%	$444K	$3K	5x	as long as short
Hyperliquid XMR	+0.1636%	1h	583.71	+0.012%	$88.1M	$73.1M	5x	as long as short
Extended XMR-USD	+0.1864%	1h	583.48	−0.027%	$3.1M	$8.1M	25x	as long as short
Aftermath Perps XMRUSD	+0.2761%	1h	585.08	+0.246%	$2K	$46K	10x	as long as short